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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/ (FOREX:USDSLE)
Sidelines Mode (+55) - USDSLE is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid USDSLE?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDSLE.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for USDSLE
The long-term trend has been UP since Jul 3rd, 2023 at 23.10
The intermediate-term trend has been UP since Apr 29th, 2024 at 22.65
The short-term trend has been DOWN since May 8th, 2024 at 22.90
Smart Scan Analysis for USDSLE
Based on our trend formula, USDSLE is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 22.800 | 22.825 | 22.800 | 22.820 | +0.020 |
| Prev. Close | Volume | Bid | Ask | Time |
| 22.800 | 2024-05-08 16:12:35 |